Isostatic Pressing Market “Estimated to Reach US$ 9.22 Billion by 2023” –ReportsnReports

The Global report titled “Isostatic Pressing Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

The Isostatic Pressing Market is expected to reach US$ 9.22 Billion by 2023 from US$ 6.25 Billion by 2018 at a CAGR of 8.08%. This report spread across 163 pages, profiling 10 companies and supported with 67 tables and 55 figures is now available in this research.

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Top Companies profiled Isostatic Pressing Market:
• Kobe Steel (Japan)
• Bodycote (UK)
• Kennametal (US)
• Arconic (US)
• Nikkiso (Japan)
• American Isostatic Presses (API) (US)
• Engineered Pressure Systems (EPSI) (Belgium)
• Pressure Technology (US)
• Shanxi Golden Kaiyuan (SXKYYC) (China)
• Fluitron (US)

“Isostatic pressing services market to witness significant growth from 2018 to 2023”
The market for services is expected to grow at a higher CAGR during the forecast period. The isostatic pressing service market growth is attributed to the growing need for high-density materials with longer product lifecycle in many industries, such as aerospace & defense, automotive, and medical. Also, the isostatic pressing services ensure consistent, flawless material characteristics, and long-term operations with the high-integrity products.

“Precision machine manufacturing to hold largest size of HIP market during forecast period”
Various manufacturing processes—such as electrical and metal products; cement, building, and construction materials; rubber and plastic products; and automation technology products manufacturing—rely heavily on the precision machine manufacturing industry for growth and profitability. The HIP process is a necessary part of the development of these machinery parts, metal products, and machine tools featuring enhanced mechanical properties and minimal corrosion deterioration, and hence, the applications in this industry are likely to hold the largest share of the overall HIP market during the forecast period.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 –31%, Tier 2 –37%, and Tier 3 –32%
• By Designation: C-Level Executives –45%, Directors – 36%,and Others–19%
• By Region: North America –32%, Europe –30%, APAC–24%, and RoW–14%

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Study Objectives:
• To forecast the market for various segments, in terms of value, with regard to 5 main regions: North America, Europe, Asia Pacific (APAC), South America, and Rest of the World (RoW)

• To provide the isostatic pressing system value chain analysis

• To describe and forecast the global isostatic pressing market, in terms of value, segmented on the basis of offering and type

• To describe and forecast the hot isostatic pressing market, in terms of value, segmented on the basis of capacity, application, and geography

• To describe and forecast the global cold isostatic pressing system market, in terms of value, segmented on the basis of process type, application, and geography

• To provide detailed information regarding the major factors influencing the growth of the isostatic pressing market (drivers, restraints, opportunities, and industry-specific challenges)

• To strategically analyze the micromarkets with regard to individual growth trends, prospects, and contribution to the total market

• To strategically profile the key players in the market and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders

• To analyze competitive developments such as acquisitions, agreements, collaborations, partnerships, and expansions in the isostatic pressing market

Target Audience for Isostatic Pressing Market:
• Powder metallurgy industry associations
• Associations and regulatory authorities related to industrial automation
• Government bodies, venture capitalists, and private equity firms
• Manufacturers of isostatic pressing systems
• Maintenance personnel, manufacturers, and suppliers of hot isostatic pressing and cold isostatic pressing offerings
• Research institutes and organizations

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This release was published on openPR.